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Southern Company CEO Fanning Appointed To Atlanta Fed Board

By Cassandra Sweet Of DOW JONES NEWSWIRES Southern Co. (SO) Chief Executive Thomas Fanning has been appointed to the board of directors of the Federal Reserve Bank of Atlanta, the company said Monday. Fanning will serve the remainder of a term that began Jan. 1, 2010, and runs through Dec. 31 of this year. Fanning is a Class C director, appointed by the Fed's board of governors in Washington to represent commerce, industry, agriculture, labor or consumers. Southern Co. received federal approval earlier this month to build the first new U.S. nuclear power plant in decades. The company plans to build two new reactors at the Vogtle site in Georgia near the South Carolina border and is waiting for the Department of Energy to close on an $8.3 billion loan guarantee after the company received a license from the Nuclear Regulatory Commission earlier this month. Southern's Georgia utility has estimated the project will cost more than $6 billion, to be split among the project's owners. Southern, which will own 46% of the new reactors, expects to pay $2.2 billion. Oglethorpe Power, MEAG Power, and Dalton Utilities will own the rest of the project. Energy Secretary Steven Chu said earlier this month that he expected Southern to obtain the loan guarantee after the company got its construction and operating license from the Nuclear Regulatory Commission. -By Cassandra Sweet, Dow Jones Newswires; 415-439-6468; cassandra.sweet@dowjones.com

Stock News for Southern (SO)
DateTimeHeadline
04/24/201512:29:00NRC reaffirms safe operation, regulatory commitment of Farley...
04/23/201518:12:46Southern Coverage Initiated by Analysts at Mizuho (SO)
04/23/201509:00:00Mississippi Power announces plans for largest utility-scale solar...
04/23/201508:00:00The Big Winner in the US Coal Regulations Game
04/22/201513:03:033 Simple Steps to Divest on Earth Day
04/22/201505:00:00Georgia Power offers Top 5 Home Energy Efficiency Tips for Earth...
04/22/201503:34:17Southern Now Covered by Analysts at Guggenheim (SO)
04/21/201510:18:36SunTrust Increases Southern Price Target to $46.00 (SO)
04/20/201514:40:00Southern Company raises dividend rate 14th straight year; annualized...
04/17/201515:54:00Georgia Power marks groundbreaking of Fort Benning solar project
04/17/201513:00:00Southern Company accelerates sustainable energy innovations with...
04/16/201513:33:00Alabama Power announces redemption of preferred and preference...
04/16/201511:12:00Alabama Power declares dividends
04/16/201510:05:03This Stock has Paid a Dividend for 65 Years: Here's Why You Shouldn't...
04/16/201509:00:00Southern Company subsidiary acquires fourth California solar...
04/13/201516:26:00Georgia Power marks Lineman Appreciation Week
04/12/201521:03:18My K.I.S.S. Dividend Portfolio: 1st Quarter 2015 Update
04/10/201517:04:39Proxy Statement (definitive) (def 14a)
04/09/201509:24:00Alabama Power Company Announces Offering of Senior Notes
04/06/201510:45:00Southern Company first-quarter earnings to be released April...

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